Kyrgyz Republic: Request for a Three-Year Arrangement Under the Extended Credit Facility

International Monetary Fund

No 2015/113, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses the Kyrgyz Republic’s Request for a Three-year Arrangement Under the Extended Credit Facility (ECF). Performance under the previous ECF arrangement, which expired last July, was good. Macroeconomic stability was restored, fiscal consolidation was stronger than planned, monetary policy was enhanced through a new interest rate-based framework, and supervision was strengthened in the financial sector. Although performance under the last ECF arrangement was good, new challenges have emerged, and some key reforms have yet to be implemented. The IMF staff supports the authorities’ request for a three-year arrangement under the ECF.

Keywords: ISCR; CR; government; Kyrgyzstan; ECF arrangement; Kyrgyz authorities; debt management strategy; Extended Credit Facility arrangement; Kyrgyz government; development fund; Credit; Anti-money laundering and combating the financing of terrorism (AML/CFT); Central Asia; Europe (search for similar items in EconPapers)
Pages: 119
Date: 2015-05-14
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